Iris International, Inc, a leading manufacturer of urinalysis systems and consumables for use in hospitals and commercial laboratories worldwide, announced that its Iris Sample Processing Business Unit has entered into a manufacturing and supply agreement with Idexx Laboratories, Inc, for internal centrifugal drive systems and related whole blood separators developed by Iris for use in the new Idexx Catalyst Dx Chemistry Analyzer for the veterinary market, which Idexx has begun selling to customers around the world.
Under the terms of the agreement, in exchange for a $1.5 million upfront cash payment and future royalties starting in 2014, Iris Sample Processing has granted Idexx an exclusive worldwide license to manufacture the whole blood separator technology developed for the Idexx Catalyst Dx Chemistry Analyzer. Idexx will assume manufacturing for the whole blood separator. In addition, for the life of the agreement, which runs through December 31, 2020, IRIS will exclusively manufacture and sell to Idexx the internal centrifugal drive system IRIS developed for the Catalyst Dx analyzer. Idexx may assume manufacturing for the drive systems starting in 2016 by paying Iris a per unit royalty for the remaining term of the agreement.
"After a prolonged research and development effort, we are pleased to have developed the internal centrifugal drive systems and related disposable whole blood separators for the newest generation of Idexx chemistry analyzers," stated Robert Mello, Iris Corporate vice president and president of the Sample Processing Business Unit. "We have had a long standing working relationship with Idexx dating back to the late 1980s as the sole provider of standalone veterinary centrifuges for all of Idexx's in-clinic needs. This latest agreement extends this partnership into new revolutionary diagnostic products incorporating our technology, bringing unprecedented efficiency, speed, throughput and test menu breadth to the veterinary point of care market," he added.
Idexx Labs is a leader in pet healthcare innovation, serving practicing veterinarians around the world with a broad range of diagnostic and information technology-based products and services.
IRIS International is a leading global in vitro diagnostics company focused on products that analyze particles and living cell forms and structures, or morphology of a variety of body fluids.